Thailand warns risk of increasing jobless

14 September, 2020 12:00 AM printer

BANGKOK: The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand.

Supant Mongkolsuthree, Chairman of the Federation of Thai Industries, said the unemployment rate is expected to increase if the government’s economic stimulus measures are not strong and many rehabilitation projects are delayed, report agencies.

Many businesses, particularly those operating in tourism and export sectors, remain weak, though some have slowly recovered, he added.

Supant also expressed concern about a second wave of COVID-19 infections in the country as infection rates spike in many Asian countries, including Myanmar, which borders Thailand.

Kalin Sarasin, Chairman of the Thai Chamber of Commerce, said JSCCIB will ask the government to abandon some unnecessary laws and regulations in order to facilitate business operations.